SAC 2 Is Titled

question 33

Multiple Choice

SAC 2 is titled:

• A)Objective of General Purpose Financial Reporting.
• B)Qualitative Characteristics of Financial Information.
• C)Definition and Recognition of the Elements of Financial Statements.
• D)Definition of the Reporting Entity.

---

Definitions:

Verbal Communication

The process of sharing information between individuals through the use of speech.

Filtering Of Information

The process of selectively focusing on certain details or aspects of information while disregarding others.

Text Message

A short digital message sent over mobile networks to another mobile device, usually containing text but can include multimedia.

Communication Barrier

Any obstacle that impedes the conveyance or understanding of information between individuals or groups.